- Quarter end
- 31 Dec 2025
- the date the book describes
- Filed
- 27 Oct 2026
- latest of these filings; the earliest 10 Feb 2026
- Managers listing it
- 31
- at least, of 95 tracked, among listed positions
- Comparable managers
- 92
- filed both Q3 2025 and Q4 2025; 9 listed it in both
- Shares listed
- 13,578,156
- combined, among listed positions
- Reported value
- $1.5bn
- combined, at the quarter end
Among the 92 comparable managers: 15 buyers (opened or added shares) and 19 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was -1,372,480.
Managers listing AFL in Q4 2025
31 of 31 holders
Largest increases and reductions, by shares
Increases
- Marshall Wace LLPexisting position · 1,111,711 shares now+885,141
- Arrowstreet Capital LPexisting position · 592,176 shares now+489,072
- Freestone Grove Partners LPnew position · 294,119 shares now+294,119
- Walleye Capital LLCexisting position · 209,515 shares now+206,538
- AQR Capital Management LLCexisting position · 1,409,114 shares now+145,024
Reductions
- Citadel Advisors LLCexisting position · 247,295 shares now-668,983
- Jane Street Group LLCexisting position · 501,698 shares now-647,423
- Renaissance Technologies LLCexisting position · 138,500 shares now-626,500
- D. E. Shaw & Co.existing position · 73,116 shares now-617,954
- Fidelity (FMR LLC)existing position · 1,360,762 shares now-306,263
New positions and exits
New (6)
Exited (3)
- Winton Group Ltdwas $6.5m
- ExodusPoint Capital Management LPwas $2.7m
- Hudson Bay Capital Management LPwas $396k
Ownership over time
Tracked managers listing it, at least.
| Quarter | Holders | Reported value | Buyers | Sellers |
|---|---|---|---|---|
| Q2 2013 | 13 | $1.8bn | n.a. | n.a. |
| Q3 2013 | 11 | $2.1bn | n.a. | n.a. |
| Q4 2013 | 13 | $2.4bn | n.a. | n.a. |
| Q1 2014 | 18 | $2.5bn | n.a. | n.a. |
| Q2 2014 | 18 | $2.4bn | n.a. | n.a. |
| Q3 2014 | 17 | $2.2bn | n.a. | n.a. |
| Q4 2014 | 11 | $1.9bn | n.a. | n.a. |
| Q1 2015 | 13 | $1.9bn | n.a. | n.a. |
| Q2 2015 | 15 | $1.8bn | n.a. | n.a. |
| Q3 2015 | 16 | $1.7bn | n.a. | n.a. |
| Q4 2015 | 11 | $1.7bn | n.a. | n.a. |
| Q1 2016 | 14 | $1.7bn | n.a. | n.a. |
| Q2 2016 | 12 | $1.9bn | n.a. | n.a. |
| Q3 2016 | 15 | $1.7bn | n.a. | n.a. |
| Q4 2016 | 12 | $1.8bn | n.a. | n.a. |
| Q1 2017 | 12 | $1.8bn | n.a. | n.a. |
| Q2 2017 | 13 | $2.2bn | n.a. | n.a. |
| Q3 2017 | 14 | $2.2bn | n.a. | n.a. |
| Q4 2017 | 11 | $2.3bn | n.a. | n.a. |
| Q1 2018 | 14 | $2.0bn | n.a. | n.a. |
| Q2 2018 | 13 | $2.1bn | n.a. | n.a. |
| Q3 2018 | 15 | $2.0bn | n.a. | n.a. |
| Q4 2018 | 11 | $1.6bn | n.a. | n.a. |
| Q1 2019 | 12 | $1.7bn | n.a. | n.a. |
| Q2 2019 | 9 | $1.8bn | n.a. | n.a. |
| Q3 2019 | 11 | $1.6bn | n.a. | n.a. |
| Q4 2019 | 10 | $1.2bn | n.a. | n.a. |
| Q1 2020 | 12 | $500m | n.a. | n.a. |
| Q2 2020 | 14 | $597m | n.a. | n.a. |
| Q3 2020 | 12 | $472m | n.a. | n.a. |
| Q4 2020 | 9 | $880m | n.a. | n.a. |
| Q1 2021 | 8 | $895m | n.a. | n.a. |
| Q2 2021 | 6 | $943m | n.a. | n.a. |
| Q3 2021 | 7 | $1.1bn | n.a. | n.a. |
| Q4 2021 | 6 | $1.2bn | n.a. | n.a. |
| Q1 2022 | 11 | $1.8bn | n.a. | n.a. |
| Q2 2022 | 12 | $1.3bn | n.a. | n.a. |
| Q3 2022 | 10 | $1.2bn | n.a. | n.a. |
| Q4 2022 | 12 | $1.1bn | n.a. | n.a. |
| Q1 2023 | 9 | $830m | n.a. | n.a. |
| Q2 2023 | 7 | $779m | n.a. | n.a. |
| Q3 2023 | 5 | $795m | n.a. | n.a. |
| Q4 2023 | 6 | $854m | 4 | 2 |
| Q1 2024 | 6 | $905m | 5 | 1 |
| Q2 2024 | 5 | $825m | 1 | 4 |
| Q3 2024 | 8 | $1.1bn | 4 | 4 |
| Q4 2024 | 5 | $904m | 1 | 5 |
| Q1 2025 | 7 | $680m | 4 | 3 |
| Q2 2025 | 11 | $959m | 9 | 3 |
| Q3 2025 | 10 | $1.1bn | 7 | 4 |
| Q4 2025 | 11 | $1.0bn | 15 | 19 |
| Q1 2026 | 7 | $785m | 15 | 16 |
| Q2 2026 | 6 | $915m | 15 | 13 |
Compare with…
Holders over time, buyers and sellers, and the managers holding both, side by side for up to four stocks.
AFL and V →AFL and AXP →AFL and BAC →Choose a stock to compare with AFL →
How much of the picture this is
A 13F is a manager’s long US-listed equity book at a quarter end, filed up to 45 days later. It shows no shorts, cash, bonds or performance, and it is never today’s portfolio. Large books are listed to their largest positions, so a manager missing from this table may still hold a small position below that line. These are 95 tracked managers, not the institutional market.
Which funds own AFL, latest filings →Back to the 13F Explorer →